Friday, August 17, 2012

California Cities Struggle with Fiscal Pressure


California has started to see a bankruptcy domino effect among its cities. In June this year Stockton was the largest city in the US to declare insolvency. San Bernardino and Mammoth Lakes followed. The financial downturn has also affected the city of Compton, which is expected to run out of funds next month. Al Jazeera's Rob Reynolds reports from the city.

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